THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 Charity Registration No. 1134958
THE METHODIST CHURCH - LIVERPOOL SOUTH CIRCUIT CONTENTS Page Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Balan Sheet Notes to the Financial Statements 10
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025 The Trustees are pleased to present their annual report for the year ended 31st August 2025. The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published (FRS 102) (effective 1 St January 2019)- OBJECTIVES AND ACTIVITIES Circuit Mission Statement: approved by the Circuit Meeting on 4th December 2003 - "To make disciples for Jesus Christ" Circuit Mission Policy." (approved 2011) We uphold the Methodist Connexional Policy of 'Our Calling,, which through worship, learning, caring, service and evangelism, forms the basis of Christian discipleship. We recognise the Methodist Connexional Priority to proclaim and affirm God's love for all and the renewal of confidence in God's presence and action in the wortd. We affinn Methodism as a discipleship movement shaped for mission. We affimi that the Methodist Church is committed to being a growing. evangelistic. inclusive. justice-seeking Church - so that new people become disciples of Jesus Christ, faith deepens for everyone, and diverse communities and churches experience transformation. Circuit Mission Priorities". {2025) We are working together with God in the power of the Spirit to offer Jesus, invitation to people across our communities to follow him and discover God's way of living life to the full. Sharing worship and witness Deepening discipleship Encouraging the nurturing of children and young people Helping churches to identify and deliver mission in their neighbourhoods Use our cash, members, buildings and other resources wisely Provide a staff team that can lead and enable mission Provide outreach lo the diSplad in the inner city Church and Circuit leadership succession planning- developing strategies for seeking Circuit Meeting members, Circuit Stewards, Worship Leaders, Local Preachers, and church officers. Within an obligation to provide a safe space for all. meet all our legal and Connexional requirements Circuit Partnerships We cherish our longstanding relationships with the Church of England and United Reformed Church in our Local Ecumenical Partnerships. We continue to seek to work with the wider Christian family and other agencies where we share common values and aims. Circuit Mission Action Plan (2022 - 2027) The Circuit and its mission are led by the Circuit Leadership Team, including our Superintendent, 2 Presbyters and lay workers. Worship: Supporting and training ministers, local preachers and worship leaders to provide a variety of forms of worship using technology, where appropriate. to be inclusive for all.
THE METHODIST CHURCH - LIVERPOOL {SOUTH) CIRCUIT TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025 For public worship in local churches, we will provide preachers and leaders of worship orland online resources to share in worship. For those unable to attend worship and those preferring online worship, we will endeavour to provide online and telephone worship, plus written liturgies for those who cannot access the technology. We encourage the churches to meet in clusters and as a Circuit (twice a year). Discipleship: Encourage the formation and development of groups for prayer and Bible study. We will encourage all levels of leadership to spend time listening io God and conferrtng together to discern and resource God's mission in each area. We will use the Circuit Meeting and weekly notices to share good resources and encourage the growth of small groups. We are committed to encouraging participation in ecumenical prayer gatherings, Thy Kingdom Come and Quiet Days. We will circulate prayer requests from Circuit churches for sharing in public worship and private devotions. Discipleship of Children and Young People. We employ a Circuit Children'5 Worker and a Youth Worker, to develop existing groups in Trinity and Halewood churches, to support and develop work across all Circuit churches and to build relationships with local schools. They encourage attendance at 3Generate and other local and national events. A regular 'Youth Matters, meeting shares good practice across the Circuit from the variety of children and youth activities. We will provide a Children and Youth Worker's Management Group to oversee their work. We will review our children and youth work with help from the leaming network. Provide training as requested by the youth and children's workers. Mission Opportunities: In the continuing absence of any Methodist District, HE Chaplaincy provision we will seek to offer a welcome to students and other young adults in the south Liverpool area in particular through the Young Adults group based at Elm Hall Drive Church. Support churches in developing buildings for community use and outreach. Encourage interdenominational outreach at Farmers, markets, Open Air witness and shared outreach projects. Encourage support of those groups working with addictions, mental health, bereavement, families, luncheon clubs, parenting and other support groups using our buildings and the Huyton café and Liverpool Zero Food Waste at Elm Hall Drive. Several chLrrches are offering places of welcomelwami spaces initiatives. We adopt the 3Generate manifesto to encourage all ages to engage in matters of climate change, compassion and mercy ministries and social justice projects. We will explore participation in Eco Church Award scheme. Resourcing Mission: The Circuit values the role of the Circuit Administrator in communicating by email and the weekly nOtiS information from the Connexion, District and Circuit to the church members. The Circuit team has been strengthened by the appointment of a Youth Worker post being funded from reserves. The Circuit is over-viewing plans for the use of churches in the immediate, medium, and long-term future, in particular supporting churches where buildings are no longer sustainable in their current forms. this
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025 The Circuit has Safeguarding Officers and two Irainers to help churches provide safe spaces for all. The Circuit has brought all manses up to a good standard and will continue to maintain this standard. The Circuit will help to support young people and adults attending 3Generate. The Circuit has progressed work to ensure that all churches fulfil their legal obligations of finance, buildings, safeguarding. This includes a willingness to help co-ordinate and finance professional services (finance, property) for the individual Churches within the Circuit who have inadequate expertise or capacity to manage these roles, assisting with both compliance and freeing up resources for outward facing mission work. ACHIEVEMENTS AND PERFORMANCE Last year a Circuit 'Way Forward Group, was convened to explore the future direction of our policy to encourage Circuit churches to deepen discipleship, focus on local mission opportunities and explore new and more effective uses of their skills, finances and premises. A major initiative arising from the Way Forward Group was the running of a 'Leading Your Church into Growth, course which continued durrng the year. The churches engaged positively with it and continue to put the insights gained into practice. In previous years we have made the decision lo fund the new growth costs incurred from Circuit reserves, including the maintenance of a team of three full-time ordained staff. Reviewing the projected reduced availability of presbyters and finance has led to the decision to reduce to two presbyters from 2027. This however does free up some reserves which can be made available in grant funding to the churches for support mission and outreach projects. After several attempts a successful appointment of a Youth Worker was finally made to begin from September 2025. The initial 0 years for the post will be funded from reserves. We are supporting those local churches that are facing major decisions about the future of ageing buildings that they can no longer sustain. With support from the Connexional Property Team we seek to find creative ways forward that will enable worship and mission to continue in those communities while releasing the capital value of these properties. Together with the experienced and dedicated Circuit Leadership Team, the Superintendent is seeking to bring insights from ministry across the Connexion, develop strategic vision and support for mission initiatives. The main source of income, the Circuit Assessment, reviewed annually, is an annual assessment upon each church. Ability to pay is considered in each of the churches. The Circuit's strategy of bringing the manses to be retained up to date remains ongoing. Additionally, those that are determined surplus to requirements will be sold or rented promptly. There is no intention to retain surplus property so any let will be short temi. In Ihis context, 34 Manor Road is let until July 2026. FINANCIAL REVIEW Total income in the year was £292,241 (2024.. £405,732) of which £49,366 (2024: £23,845), related to funding for projects upon which restrictions are plad. Total expenditure in the year was £288,859 (2024.. £294,756), leaving a surplus for the year of £3,382 (2024: surplus £110,976) before gains on investrnent assets.
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025 At 31st August 2025 the charity's reserves stood at £2,420,348 (2024.. £2,416,926) of which £1,697,74012024.' £1,950,692) represented restricted funds. Risk Management The main risks, to which the charity is exposed, as identified by the Trustees, have been considered and systems have been established to mitigate those risks. Reserves Policy It is the policy of the charity to maintain unrestricted funds, which are free reserves at a level to cover redundancy provision and six months, running costs should no ftjrther funding be received. As at the end of the financial year the unrestricted funds totalled £722,608. The charity requires £5.730 for redundancy provision and £141,345 for six months, running costs (Total £147,075). Plans for the future With declining membership numbers and the fact that staff and District Assessment costs forms the bulk of our expenditure, the Circuit is seeking to build on insights from the 'Way Forward, process and the 'Leading Your Church into Growth, Course. We aim to release resources to encourage worship, learning and discipleship, mission and evangelism. By sowing the seed of the gospel, we look for new disciples to emerge in and through our corporate witness. We will explore ways of enabling our churches to work better together, where possible through shared governance, and we will continue to review the number of staff needed to function effectively. STRUCTURE, GOVERNANCE AND MANAGEMENT The Methodist Church - Liverpool (South) Circuit is a registered charity,. number 1134958 formed in 16th March 2010 and is governed by The Methodist Church Act 1976 and The Deed of Union 1932. The Methodist Church Liverpool (South) Circuit is a formal group (S.0. 500 of the Constitutional practi and Discipline of the Methodist Church) of nine mutually supportive churches across South Liverpool. In accordance with charity law, each constituent Ghurch is responsible for producing and presenting its own financial accounts each year. The Trustees of the charity under the terms of the Constitutional Practice and Discipline of the Melhodist Church are known as Managing Trustees. The members of the Circuit Meeting are the Managing Trustees of the charity. They include the Circuit Superintendent, Circuit Ministers including Supernumeraries and appointed Lay workers. Circuit Stewards are elected to serve for six years. The remaining Trustees include the Circuit Administrator, Circuil Treasurer, Circuit Meeting Minute Secretary and nominated representatives from the nine churches of the Circuit. The Circuit Meeting, held four times a year. has been online during the year. Given the extended lockdown period and despite the demographic of the meeting, an online platform was the only realistic way to connect with our members who actually grew into this medium. In accordance with Connexional guidelines, by email agreement of the churches, the Circuit Leadership Team was authorised to progress any urgent items of business.
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025 The Circuit Le8dership Team which consists of the Circuit Superintendent, Circuit Presb5rters including Supernumeraries, appointed Lay Workers, Circuit Stewards and Circuit Treasurer also meet four times a year. The Circuit Stewards meet regularly throughout the year with the Circuit Superintendent. REFERENCE AND ADMINISTRATIVE DETAILS Name The Methodisl Church - Liverpool (South) Circuit 1134958 Charity Number Address & Office Circuit Office St James Church Hall, Church Road South. Woolton, Liverpool L25 7RJ During the year members of the Board of Trustees were as follows: Shirley Banks Pamela Bellis Pamela Boffey Christine M Bolton Katherine Cook Helen K Davies Gillian Dover Andrew Gillespie Rev David Goodwin Charles R Hardisty Kate Harrison Mark Harrison Margaret P Harvey Derek Ho Elizabeth A Hudson Rev Peter Hughes Edward V Jones Kim J Kershaw Rev John Waring Lansley Elizabeth Lloyd Philip A Lodge Graham Martin Rev Dr Clement Matarirano Janine McGuire Jayne McLaren Carolyn Munro Ekpo B Orok Ada D Peers Arthur E Pye Edna M Pye Rev Jennifer C Rayner Richard C G Rees Alfred Salami Susan M Steel Judith M Sutcliffe Eleanor A Thomas Linda M White Trustees (Resigned 31 Sl August 2024) IR&signed 14, Jan 2025) (Appointed 1" September 2024) (Resigned 31 St August 2025) {Appoinled 1s[ September 20251 {Resigned 31" August 2024) (Appointed 9th February 2025) {Appointed 9° February 2025) (Resigned 31" August 20241
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025 Independent Examiner Ying Huang, ACCA o LCVS, 151 Dale Street, Liverpool, L2 2AH Bankers The Co-operative Bank PIC PO Box 250, Skelmersdale, WN86 Signed on behalf of the Trustees. Rev David Goodwin - Trustee Date.. Iql 02
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT I report on the accounts of the charity for the year ended 31st August 2025 which are set out on pages 8 to 19. Res ective res onsibilities of trustees and examiner The charity's Trustees are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to= examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Direclions given by the Charity Commission (under section 145{51(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of inde endent examiners statement My examination was carried out in accordan with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a compartson of the accounts presented with those records. also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. In connection with my examination, no matter has come to my attenlion-. Inde endent examiner's statement (1) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the Charities Act- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met,. or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Ying Huang Relevant professional qualification or body= ACCA Address.. Glo LCVS 51 Dale Street, L2 2AH Dated:
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025 Notes Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Income and endowments from: Donations Charitable activities Investments Other income 2a 2b 2c 2d 4,464 196,137 29,109 13,165 12,755 17,219 196,137 42,485 36,400 203.933 53,879 147,920 13,376 23,235 Total income 242,875 49,366 292,241 405,732 Expenditure on: Charitable activities 282,690 6,169 288,859 294,756 Total expenditure 282,690 6,169 288,859 294,756 Net incomel(expenditure) (39,815) 43,197 3,382 110,976 Transfer between funds Gain on investment assets (Loss) on investment assets 11,12 296,189 (296,189) 3,050 {3,010) 3,050 (3,010) 3,369 (1,800) Net movement in funds 256,374 {252,952) 3,422 112,545 Total funds brought foward 10-12 466.234 1,950,692 2,416,928 2,304.381 Total fund carried forward 10-12 722,608 1,697,740 2,420,348 2,416,926 The notes on pages 10 to 19 form part of these accounts. All the above amounts relate to continuing activities of the charity.
THE METHODIST CHURCH- LIVERPOOL (SOUTH) CIRCUIT BALANCE SHEET AS AT 31ST AUGUST 2025 Notes Fixed assets Tangible fixed assets Investments 31st August 2025 31st August 2024 1,468,651 229,402 1,468,729 482,354 Current assets Debtors Debtors.. amounts falling due after more than one year Cash at bank and in hand 1.698,053 1,951,083 30,053 2,500 14,523 665 715,449 494,874 Current liabilities Creditors- amounts falling due within one year 748,002 510,062 (25,707) (44,219) Net current assets 722,295 465,843 Total assets less current liabilities 2,420,348 2,416,926 Funds: Unrestricted funds Restricted funds 10.11 10,12 722,608 1,697,740 466,234 1,950,692 2,420.348 2,416,926 Rev David Goodwin, Trustee Graham Martin, Trustee
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 1. Accounting Policies Basis of accounting The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) {SORP 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS102) (effective 1 $1 January 2019) and Charities Act2011. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(sl to these accounts. The Charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statemenl of Cash Flows. Going concern At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate reserves to continue in operational existence for the toreseeable future. The Trustees are confident that the levels of liquidity and free reserves will not affect the charity's operations. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are the charity's free reserves available for the Trustees to apply in accordance with the charitable objectives. Restricted funds are subject to specific restrictive conditions imposed by the donor. Income recognition All income is recognised once the charity has entitletnent to the income, there is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Donations and legacies comprise of donations which are recognised in the accounts when received, with the exception of known legacies which are accounted for when their receipt is certain. Income from charitable activities is recognised on an accrual's basis except for grants receivable, which are recognised on the date on which their unconditional payment is confirmed by the donor. Income from investment relates to bank interest and income from investments received and is recognised when the amount is certain. Other income relates to rental, branch income, and loan interest. levy investment refunded received is recognised when the amount is certain. io-
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 Fixed assets Fixed assets {Freehold Propety) are stated at valuation and reviewed by the Trustees on an annual basis and a professional valuation of all manses every five years. Depreciation is provided to write off the cost of the asset over its expected useful life on the following basis. Fixtures and Fittings Investments Investments are included at market value. Realised and unrealised gains and losses are reported in the Statement of Financial Activities. Expenditure recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governanTr costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Expenditure on charitable activities relates to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charity. Support and governance costs relate to the management and operation of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charity. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call wilh banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. 200/0 per annum reducing balance basis. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabililies are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 Basic financial liabilities Basic financial liabilities, including creditors 2nd bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt inslrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilitles Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Critical accountlng estimates and judgements In the application of the charity's accounting policies, the Truslees are required to make jLtdgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only thal period, or in the period of the revision and future periods where the revision affects buth current and future periods. All expenditure is accounted for on an accrual basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Cost of charitable activities relate to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charity. Support and governance costs relate to the managernent and operalion of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charity. Taxation Income and gains are exempt from taxation as they are received and applied for charitable purposes only. The charity benefits from various exemplions from taxation afforded by tax legislation and is noi liable to corporation tax on income or gains falling within those exemptions. The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT. 2. Income and endowments from: Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 a. Donations and Legacies". Donation 4,464 12.755 17,219 12
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 Unrestricled Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 b. Charitable actjvities: Activities Assessments Circuit service income 250 202,740 943 194.789 1,348 194,789 1,348 196,137 196,137 203,933 Income from charitable activities for year end 2024 comprised of £203,933 unrestricted funds and £nil related to restricted funds. c. Investments". Bank Interest Income from UK listed investments 29,109 29,109 13,376 29,419 24.460 13.376 29,109 13,376 42,485 53,879 Income from investments for year end 2024 comprised of £30,034 unrestricted funds and £23,845 related to restricted funds. d. Other Income: Investment levy income Loan interest Pension interest income Rental income 23,235 23,235 915 130,171 306 5,479 11,964 915 12,250 12,250 13,165 23,235 36,400 147,920 Other income for year end 2024 related wholly to unrestricted funds. 3. Expenditure on charitable activities Direct Support & Charitable Governance Expenditure Costs Total 2025 Total 2024 Upholding the Methodist Connexional Policy of 'Our Calling., which through worship, learning. caring, service, and evangelism, foms the basis of Christian discipleship. 270,014 18,845 288,859 294,756 13
THE METHODIST CHURCH - LIVERPOOL {SOUTH) CIRCUIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 Analysed as follows.. Direct charit8ble expendilure.. Staff salary costs Pension Ministerial staff costs Ministerial expenses Lay worker expenses Grants District assessment Manse expenses Minister121 Pension fund refunded United Reform Church fees Gifts and donations 2025 2024 39,491 2,180 126,081 5,744 1,005 17,226 55,348 17,533 37,828 2,121 122,277 7,659 832 45,557 56,880 25,045 {64,000) 4.544 943 4,780 626 270,014 239,686 2025 Support & governance costs.. Investment charges Circuit office Investment circuit payment Circuil service Quinquennials Apprentice levy Sundry Rent Professional fees 3Generate Insurance Subscriptions and memberships Payroll fee Accountancy Depreciation 2024 1,685 1.697 4,485 1,430 22,585 1,271 1,228 5,274 696 703 12,320 1.350 4,496 2,615 571 480 1,230 251 692 1,339 1,320 960 2,986 321 480 1,372 78 18,845 55,070 Total expenditure on charitable activities 288,859 294,756 £6,16912024= £24,385) of the above expenditure relates to restricted funding. 14-
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 b. Staff Costs 2025 2024 Gross wages and salaries Social security costs Pension 36,335 3,156 2,180 35,344 2,484 2,121 41,671 39,949 ¢. Particulars of employees: Average number of employees during the year, calculated on the basis of full-lime equivalents, was as follows.. 2025 Charitable activities 2024 One Trustee is employed by the charity and included in the figure above., the Trustees are not remunerated for their services as a Trustee. 4. Tangible fixed assets Freehold Property Fixtures and Fittings Total Cost or revaluation Balance as at 1st September 2024 Additions Revaluation 1,468,338 1,364 1.469.702 Balance at 31st August 2025 1,468,338 1,364 1,469,702 Accumulated deprociation Balance at 1 sl September 2024 Charge for the year 973 78 973 78 Balance at 31st August 2025 1,051 1,051 Net Book Value at 31st August 2025 1,468,338 313 1,468,651 Net Book Value at 31st August 2024 1,468,338 391 1,468,729 The properties were valued on the 11th of August 2023 by Sutton Kersh, a Chartered Surveyor. This is to be reviewed every 5 years. The Trustees considered there is no material change required to the valuation on the 31st August 2025. 15
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 5. Fixed Asset investments 2025 2024 Market value on 1st September 2024 Capital introduced Investment income Charges Withdrawals Net realised {gain) on investment assets Net realised (loss) on investment assets 482,354 35,990 13.376 {6,169) (296,189) 3,050 479,525 24,460 (22,585) (615) 3,369 (3,010) (1,800) Market value at 31st August 2025 229,402 482,354 The investment assets are held by The Trustees for Methodist Church Purposes. 6. Debtors: amounts falling due within one year 2025 2024 Prepayments Other Debtors 12,742 17,311 12,082 2,441 30,053 14,523 7. Debtors. amounts falling due after more than one year 2025 2024 Other Debtors 2,500 665 Other Debtors comprise a loan to St James and at the year-end 31st August 2025 the outstanding balance is £1,311 (2024= £3,106) bearing interest at 1.5% + base rate per annum. The base rate per annum as at 315t August 2025 was 6.50 %. Other Debtors comprise a loan to Halewood and at the year~end 31st August 2025 the outstanding balance is £18,500 bearing interest at 1.5 % + base rate per annum. 8. Creditors: amounts falling due within one year 2025 2024 Accruals Deferred income (note 9) 1,382 24,325 1,230 42,989 25,707 44,219 16-
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 9. Deferred Income 2025 2024 Balance at 1st September 2024 Amount deferred in the year Amount released to incoming resources 42,989 3,057 46,125 989 (21,721) (4.1251 Balance at 31st August 2025 24,325 42.989 Deferred income represents assessment fees which relate to future accounting years. 10.Analysis of Net Assets between Funds 2025 Tangible Fixed Investments Net Current Assets Assets Total Unrestricted Funds General Fund 313 722,295 722,608 Restricted Funds Tangible Fixed Assets Fixed Asset Investment 1,468,338 1,468,338 229,402 229,402 1,468,338 229,402 1,697,740 Totals 1,468,651 229,402 722,295 2,420.348 2024 Tangible Fixed Investments Net Current Assets Assets Total Unrestricted Funds General Fund 391 465,843 466,234 Restricted Funds Tangible Fixed Assets Fixed Asset Investment 1,468,338 1.468,338 482,354 482,354 1,468,338 482,354 1,950,692 Totals 1,468,729 482,354 465,843 2,416,926 17
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 11. Unrestricted Funds Reserves Beginning of year Movements In the year Realised Transfers Gain 2025 Income Expenditure Resenies at End of year General Fund 466,234 242.875 {282,690) 296,189 722,608 Reserves Beginning of year Movements in the year Income Expenditure Revaluation Transfers 2024 Reserves at End of year General Fund 689,856 381,887 (270,371) (1,800) (333,338) 466,234 General Fund - is used to finance the charity's general activities and core costs as outlined in the Trustees, Report. Revaluation representing the changes in valuation of investments held by the charity Transfer between Funds represents Ihe movement in investment for the withdrawal for new manse. 12. Restricted Funds Nlovements in the year Income Expenditure Realised Transfers Gain Reserves Beginning of year 2025 Reserves at End of year Tangible Fixed Assets Fixed Asset investment 1,468,338 1,468,338 482,354 49,366 (6,169) 40 (296,189) 226,402 1,950,692 49,336 (6,169) 40 (296,189) 1,694.740 18
THE METHODIST CHURCH - LIVERPOOL {SOUTH) CIRCUIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 Movements in the year Income Expenditure Revaluation Transfers Reserves Beginning of year 2024 Reserves al End of year Tangible Fixed Assets Fixed Asset investment 1,135,000 333,338 1,468,338 479,525 27.214 (24,385) 482,354 1,614,525 27.214 {24,385) 333,338 1,950,692 These are monies given to the Charity to be spent at the discretion of the Board of Trustees for specific charitable purposes as follows.. Tangible Fixed Assets representing Tangible fixed assets held by the charity and restricted by Methodist rules. Revaluation representing the changes in valuation of fixed assets and investments held by the charity restricted by Methodist rules. Transfer between Funds - represents the disposal of assets and the withdrawals from investments Trinty Church Grant - Contribution towards the employment costs of a new lay worker. 13.Guarantees and Other Financial Commitments There are no financial commitments under nOn-CanlIable operating leases (2024= £Nil). 14. Related Parties The following amounts were paid to Trustees as the gross salary and employers, pension and national insurance, who are also Lay workers and ministers. 2025 2024 Name David Goodwin Rev Peter Hughes Clement Matarirano 44,319 40,777 40,984 43,202 39,879 40,079 19